An AI-powered Faster Ocean/Air/Road shipment booking can greatly enhance the efficiency and accuracy of the shipping and logistics processes. Here’s how AI can be utilized to achieve faster shipment booking.
Automated Data Entry
AI-powered systems can extract relevant shipment information from documents like invoices, purchase orders, and bills of lading. This eliminates the need for manual data entry and reduces errors.
For a user, it’s difficult to key in containers, cargo, and route details from an IGM manually. Management will expect faster Import Booking creation when they receive IGM data in EXCEL / PDF / EMAIL. Here the AI helps to extract almost 80% of the IGM information and can predict and suggest 20% of Import data from the history sheets.
Source: BlueLogis AX – IGM Creation
Predictive Analytics
AI algorithms can analyze historical shipping data and predict the best routes, carriers, and modes of transportation for specific shipments. This enables faster decision-making during booking.
At the time of creating a Quote or Export Direct Booking, our AI module can predict a list of options for the user to choose to make faster booking creation. The choice of options can be based on Port of Loading, Port of Discharge, Port of Transhipment, Cargo Category, Principal or Agent, Terminal or CFS or ICDs, etc.
Source: BlueLogis AX – Export Booking Creation
After choosing the booking information, the AI module analyses the past shipment data and recommends the list of potential revenue and cost for this booking with an option for the user to include or exclude it.
Source: BlueLogis AX – Export Booking Charges Creation
Automated Pricing – Freight, Slot, Agency Fee and Local Charges
AI can generate and manage mandatory income and expenses for a booking, including freight, slot, agency commission, terminal handling charge, seal charge, bill of lading fee, edi charge, etc, by streamlining the invoice preparation process.
For this AI uses, the standard Tariff and Fixed Charges master to populate income and provisional expenses based on container size type, cargo category, basis type, and quantity. This allows automated improved coordination between the Sales team, Operation team, and Finance team.
Source: BlueLogis AX – Auto-Fetch Charges in Booking
Source: BlueLogis AX – Invoice Preparation from Booking detail
Fraud Detection and Elimination: AI can flag potential fraudulent activities during the booking process, like underpricing, manipulation of charges, and ensuring the security of shipments and transactions.
Time to wrap up! Feel free to discuss this with us on AI capabilities.